REG-BARCLAYS PLC Form 8.5 (EPT/NON-RI) - SCHNEIDER ELECTRIC SA

Thu Aug 15, 2013 6:31am EDT

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Form 8.5 (EPT/NON-RI) - SCHNEIDER ELECTRIC SA

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Name of exempt principal trader:  

BARCLAYS CAPITAL SECURITIES LTD

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

 

SCHNEIDER ELECTRIC SA

(c) Name of the party to the offer with which exempt principal trader is connected:  

Advisor to Offeree

(d) Date position held/dealing undertaken:  

14 August 2013

(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

 

YES: INVENSYS PLC

 

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:       ORD            
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,246,577 0.22% 890,373 0.16%
           
(2) Derivatives (other than
options): 1,728,632 0.31% 1,477,015 0.26%
           
(3) Options and agreements to
purchase/sell: 1,329,900 0.24% 1,740,000 0.31%
           
(4) TOTAL:
4,305,109 0.77% 4,107,388 0.73%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of the rights concerned and relevant percentages:  

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant   Purchase/sale   Number of   Price per unit
security   securities  
ORD Purchase 135 61.1921 EUR
ORD Purchase 290 61.1601 EUR
ORD Purchase 342 61.1370 EUR
ORD Purchase 375 61.2400 EUR
ORD Purchase 441 61.2985 EUR
ORD Purchase 445 61.0776 EUR
ORD Purchase 540 61.2296 EUR
ORD Purchase 1,026 61.1678 EUR
ORD Purchase 1,347 61.2383 EUR
ORD Purchase 1,428 61.1483 EUR
ORD Purchase 1,429 61.2200 EUR
ORD Purchase 2,135 61.1089 EUR
ORD Purchase 3,501 61.1470 EUR
ORD Purchase 3,895 61.1466 EUR
ORD Purchase 4,637 61.2343 EUR
ORD Purchase 4,905 61.1561 EUR
ORD Purchase 5,788 61.1800 EUR
ORD Purchase 7,348 61.1846 EUR
ORD Purchase 11,224 61.1510 EUR
ORD Purchase 13,722 61.1400 EUR
ORD Purchase 18,830 61.1864 EUR
ORD Purchase 48,000 61.0994 EUR
ORD Sale 11 61.2364 EUR
ORD Sale 93 61.1024 EUR
ORD Sale 168 61.0438 EUR
ORD Sale 182 61.1200 EUR
ORD Sale 294 61.1631 EUR
ORD Sale 330 61.2088 EUR
ORD Sale 637 61.1788 EUR
ORD Sale 704 61.1320 EUR
ORD Sale 1,125 61.2233 EUR
ORD Sale 1,440 61.2083 EUR
ORD Sale 1,460 61.1998 EUR
ORD Sale 2,135 61.1089 EUR
ORD Sale 3,336 61.2105 EUR
ORD Sale 3,438 61.1814 EUR
ORD Sale 3,501 61.1470 EUR
ORD Sale 4,213 16.2564 USD
ORD Sale 4,320 61.1581 EUR
ORD Sale 4,935 61.1852 EUR
ORD Sale 5,393 61.2200 EUR
ORD Sale 8,643 61.1960 EUR
ORD Sale 10,462 61.1290 EUR
ORD Sale 16,284 61.1199 EUR
ORD Sale 31,716 61.0889 EUR
ORD (traded as ADR) Purchase 94 16.1800 USD
ORD (traded as ADR) Purchase 149 16.2600 USD
ORD (traded as ADR) Purchase 246 16.2285 USD
ORD (traded as ADR) Purchase 702 16.2564 USD
ORD (traded as ADR) Sale 2 16.1700 USD
ORD (traded as ADR) Sale 94 16.1800 USD
ORD (traded as ADR) Sale 149 16.2600 USD
ORD (traded as ADR) Sale 182 16.1490 USD
ORD (traded as ADR) Sale 4,213 16.2564 USD

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD SWAP Long 93 61.1023 EUR
ORD SWAP Long 200 61.1408 EUR
ORD SWAP Long 243 61.2855 EUR
ORD SWAP Long 1,197 61.1957 EUR
ORD SWAP Long 2,111 61.2311 EUR
ORD CFD Long 2,135 61.1089 EUR
ORD SWAP Long 2,876 61.2058 EUR
ORD CFD Long 3,790 61.1225 EUR
ORD SWAP Long 10,135 61.2047 EUR
ORD CFD Short 110 61.0391 EUR
ORD SWAP Short 290 61.1601 EUR
ORD CFD Short 320 61.2318 EUR
ORD SWAP Short 347 61.0670 EUR
ORD SWAP Short 445 61.0776 EUR
ORD SWAP Short 630 61.1184 EUR
ORD SWAP Short 1,347 61.2383 EUR
ORD SWAP Short 1,616 61.1606 EUR
ORD SWAP Short 3,087 61.1579 EUR
ORD CFD Short 3,501 61.1470 EUR
ORD SWAP Short 3,989 61.1311 EUR
ORD SWAP Short 4,637 61.2343 EUR
ORD SWAP Short 14,583 61.1591 EUR

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercising

Class of relevant security   Product description

e.g. call option

  Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state “none”

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?  

YES

 

Date of disclosure:  

15 Aug 2013

Contact name:

Rajesh Muthanna

Telephone number:

020 3555 4634

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

143221.01

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of person whose open positions are being disclosed:  

BARCLAYS CAPITAL SECURITIES LTD

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

SCHNEIDER ELECTRIC SA

2. OPTIONS AND DERIVATIVES

Class   Product   Writing,   Number   Exercise   Type   Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
ORD Futures Purchased 140,000 1.3340   20 Dec 2013
ORD Futures Selling -90,000 1.5200   20 Dec 2013
ORD Put Options Written -300,000 57.7500 European 18 Dec 2015
ORD Call Options Written -250,000 57.7500 European 18 Dec 2015
ORD Put Options Purchased 150,000 38.0000 American 20 Jun 2014
ORD Put Options Purchased 25,000 42.0000 American 20 Dec 2013
ORD Put Options Purchased 25,000 43.0000 American 20 Dec 2013
ORD Put Options Purchased 125,000 44.0000 American 20 Dec 2013
ORD Put Options Purchased 200,000 48.0000 American 20 Dec 2013
ORD Put Options Purchased 100,000 50.0000 American 20 Dec 2013
ORD Put Options Purchased 100,000 56.0000 American 20 Dec 2013
ORD Put Options Purchased 15,000 58.0000 American 16 Aug 2013
ORD Put Options Written -200,000 42.0000 American 20 Dec 2013
ORD Put Options Written -200,000 48.0000 American 20 Dec 2013
ORD Put Options Written -100,000 50.0000 American 20 Dec 2013
ORD Put Options Written -100,000 50.0000 American 19 Dec 2014
ORD Put Options Written -100,000 52.0000 American 20 Dec 2013
ORD Put Options Written -50,000 60.0000 American 20 Sep 2013
ORD Call Options Purchased 50,000 52.0000 American 20 Dec 2013
ORD Call Options Purchased 149,900 58.0000 American 16 Aug 2013
ORD Call Options Purchased 150,000 60.0000 American 20 Sep 2013
ORD Call Options Purchased 100,000 64.0000 American 20 Dec 2013
ORD Call Options Written -50,000 48.0000 American 20 Dec 2013
ORD Call Options Written -100,000 50.0000 American 20 Dec 2013
ORD Call Options Written -200,000 58.0000 American 16 Aug 2013

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences (“CFDs”) or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

BARCLAYS PLC

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